Insider Selling: eBay Inc. (NASDAQ:EBAY) CEO Sells $497,625.00 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 7,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total value of $497,625.00. Following the completion of the transaction, the chief executive officer now directly owns 590,108 shares in the company, valued at approximately $39,153,665.80. This represents a 1.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jamie Iannone also recently made the following trade(s):

• On Monday, February 3rd, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25.

eBay Price Performance

Shares of eBay stock opened at $62.47 on Friday. The firm has a market capitalization of $29.11 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The business’s 50-day moving average price is $66.55 and its 200-day moving average price is $64.92.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

EBAY has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group increased their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley raised their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Susquehanna boosted their price objective on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.21.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in eBay during the fourth quarter valued at about $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay in the fourth quarter worth about $33,000. Finally, Quarry LP bought a new stake in shares of eBay in the 3rd quarter valued at about $36,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.